Announcement Date: 2022-05-09
Announcement Type: Drilling Results
Announcement Code: JORC
Company name: Lexington Gold Ltd.
Project name: Jones-Keystone-Loflin
Location: United States
Commodities: Gold,Silver
Highlight: Drilling results incl. 24m @ 1.07g/t Au, 2.76g/t Ag from 4m
Resources: only available to subscribers
CP/QP: only available to subscribers
Announcement summary: Lexington Gold (AIM: LEX), the gold exploration and development company with projects in North and South Carolina, USA, is pleased to announce that it has received the remaining assay results with respect to Loflin further to the Company’s recently completed 5,000m reverse circulation (“RC”) drilling programme. Highlights: Final assay results from the drilling programme at Loflin included shallow level infill drilling and testing of the North-Eastern, South-Western and Southern boundaries and extensions, with the following selected results The Company’s Phase 1 drill campaign at the JKL Project in 2021, intersected significant gold mineralisation, with the assay results showing a good correlation with the historical drilling results at Loflin. This campaign enabled the establishment of a maiden resource estimate for the Loflin side of the JKL project of 2Mt @ 1 g/t Au for 65k oz of contained gold to JORC standards. The Phase 2 drill campaign was designed to investigate the extension of the deposit in all directions, conduct infill drilling, especially close to surface, and potentially achieve an upgrade of the initial maiden JORC resource estimate.
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